Reliance Precision receives £300k aerospace funding boost
Reliance Precision reports that the Self-Healing Alloys for Precision Engineering (SHAPE) Programme in which Reliance, as one of the lead industrial partners, has been awarded £300k of funding by the Aerospace Technology Institute (ATI) and the UK’s innovation agency, Innovate UK. The objective is to produce light-weight components made from self-healing alloys, which when used in aircraft design could significantly reduce fuel costs (over the life of an aircraft estimated at 44,595 litres less used per kg of reduced weight) and decrease CO2 emissions.